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JPMorgan Says Liquidity Conditions Are Making Markets Vulnerable

  • Funding conditions have improved but aren’t fully restored
  • Strategists warn Treasury market is vulnerable into year-end
Bloomberg business news

July 6: JPMorgan Says V-Shaped Consumer Rebound Set to Continue

Markets are still struggling to restore liquidity after the Covid-19 meltdown and that may leave them exposed to new shocks, according to JPMorgan Chase & Co.

“Liquidity conditions have improved considerably, though not fully, and overall functioning has mostly been restored, but markets remain in an unstable equilibrium and vulnerable to shocks,” strategists including Joyce Chang, Nikolaos Panigirtzoglou and Marko Kolanovic wrote in a report.